Capri (NYSE:CPRI) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Capri (NYSE:CPRI) from an equal weight rating to an overweight rating in a report published on Friday, Marketbeat reports. The brokerage currently has $28.00 price objective on the stock, up from their previous price objective of $20.00.

Several other analysts have also issued reports on the stock. Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price target on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Robert W. Baird dropped their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Finally, Barclays reissued an “equal weight” rating and set a $21.00 target price on shares of Capri in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.55.

Capri Stock Up 10.3 %

Shares of NYSE CPRI opened at $23.72 on Friday. The stock has a market capitalization of $2.80 billion, a P/E ratio of -7.75, a PEG ratio of 4.55 and a beta of 2.06. The stock’s fifty day moving average is $21.42 and its 200 day moving average is $30.55. Capri has a 52 week low of $18.70 and a 52 week high of $51.23. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Oddo BHF Asset Management Sas bought a new stake in shares of Capri during the third quarter valued at approximately $25,888,000. Rule One Partners LLC acquired a new stake in Capri in the 3rd quarter valued at $2,483,000. Sunbelt Securities Inc. bought a new stake in Capri during the 3rd quarter valued at $42,000. Geode Capital Management LLC raised its holdings in Capri by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock worth $82,446,000 after buying an additional 41,009 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Capri by 21.5% in the third quarter. M&T Bank Corp now owns 8,419 shares of the company’s stock valued at $357,000 after buying an additional 1,488 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

About Capri

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.